Mr. Tsend-Ochir, 37 sells the skins of livestock to customers. This business is kind of popular on the Mongolian market. He has been running his business for 5 years and buys his skins from the big outdoor market and sells them to the craftsmen in rural areas. Because most craftsmen in rural areas have difficulties to prepare their craft raw materials, they are expensive. He lives with his family in a common apartment in Kherlen, an eastern boundary town. His wife works as a vender in the grocery store and his son attends a secondary school. This time, Tsend-Ochir is requesting a loan to buy a large quantity of skins to prepare his inventory due to the large sales volume in the summertime. He believes that he will become one of the largest skin suppliers to the craftsmen in Mongolia.
About Credit Mongol
Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.